Morton Park Way, Darlington on the up

 Jan 2017

The Caisson Asset Management team has wasted no time in implementing their asset management plan for Morton Park, Darlington since taking over in October 2Darlington Morton Park015 on behalf of the Rockspring UKV2 Fund.  Caisson Investment Management have successfully decreased the void of 37.00% by 18.36% within the first twelve months.  This has been achieved by refurbishing 15 units, installing new signage, tenant directory boards, cleaning the elevation to all units, installing new security fencing, and re-lining block paviours to hard standing areas.  In addition to the reduction in void, lease renewals have been completed on 21% of the estate.

“With available space reducing rapidly, we would expect the estate to achieve full occupancy and become a strong hub for start-up and growth businessesDarlington Morton Park outside, not only from Darlington, but from the surrounding area. There is real scope for new businesses to establish themselves at Morton Park Way  and to expand, due to the flexibility of the units. We are looking forward to welcoming new tenants over the next few months” said James Ward, a partner within the asset management team at Caisson Investment Management. 

Letting details available here.

 

-Ends-

Contact for enquiries

Lisa Allsup

Caisson Investment Management

+44 207 280 9600

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